KNDI Long Put Strategy
KNDI (Kandi Technologies Group, Inc.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
KNDI (Kandi Technologies Group, Inc.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $53.6M, a beta of 0.55 versus the broader market, a 52-week range of 0.61-1.77, average daily share volume of 282K, a public-listing history dating back to 2007, approximately 840 full-time employees. These structural characteristics shape how KNDI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.55 indicates KNDI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a long put on KNDI?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
Current KNDI snapshot
As of May 15, 2026, spot at $0.66, ATM IV 22.00%, IV rank 1.23%, expected move 6.31%. The long put on KNDI below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this long put structure on KNDI specifically: KNDI IV at 22.00% is on the cheap side of its 1-year range, which favors premium-buying structures like a KNDI long put, with a market-implied 1-standard-deviation move of approximately 6.31% (roughly $0.04 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KNDI expiries trade a higher absolute premium for lower per-day decay. Position sizing on KNDI should anchor to the underlying notional of $0.66 per share and to the trader's directional view on KNDI stock.
KNDI long put setup
The KNDI long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With KNDI near $0.66, the first option leg uses a $0.66 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KNDI chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 KNDI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $0.66 | N/A |
KNDI long put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
KNDI long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on KNDI. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use long put on KNDI
Long puts on KNDI hedge an existing long KNDI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KNDI exposure being hedged.
KNDI thesis for this long put
The market-implied 1-standard-deviation range for KNDI extends from approximately $0.62 on the downside to $0.70 on the upside. A KNDI long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long KNDI position with one put per 100 shares held. Current KNDI IV rank near 1.23% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on KNDI at 22.00%. As a Consumer Cyclical name, KNDI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KNDI-specific events.
KNDI long put positions are structurally bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. KNDI positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KNDI alongside the broader basket even when KNDI-specific fundamentals are unchanged. Long-premium structures like a long put on KNDI are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current KNDI chain quotes before placing a trade.
Frequently asked questions
- What is a long put on KNDI?
- A long put on KNDI is the long put strategy applied to KNDI (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With KNDI stock trading near $0.66, the strikes shown on this page are snapped to the nearest listed KNDI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are KNDI long put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the KNDI long put priced from the end-of-day chain at a 30-day expiry (ATM IV 22.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a KNDI long put?
- The breakeven for the KNDI long put priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current KNDI market-implied 1-standard-deviation expected move is approximately 6.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on KNDI?
- Long puts on KNDI hedge an existing long KNDI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KNDI exposure being hedged.
- How does current KNDI implied volatility affect this long put?
- KNDI ATM IV is at 22.00% with IV rank near 1.23%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.